Last confirmed active 18 days ago — it may be under contract or sold since. Check the official listing before you act. Verify on Zillow · Redfin · Realtor.com
1 / 6
9score
↓ $5,100
$249,900
MLS
Street view12519 Timber Creek Dr
Carmel IN 46032 · Condo · built 1989
2 bd2 ba1,070 sqft$234/sqft vs ZIP $233 −0%
0.90 lender DSCR (est.)
Rent covers the estimated payment 0.90× · walk-away floor 1.20 · low confidence
How we compute this
Rent est. $1,727/mo (HUD fair-market rent) ÷ estimated monthly payment: 75% LTV, ~7.5% rate, 30‑yr term, insurance ~0.5%/yr, taxes assumed at 1.2% of price. Assumptions as of 2026-09-12.
price cut 2%below assessed value
The underwriting
The numbers (estimates, illustrative)
$249,900List price
$1,727Rent estimate / mo
0.90Lender DSCR (est.)
$2,999Taxes / yr · assumed 1.2%
$233ZIP median $ / sqft
9/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,727 |
| − Mortgage (P&I) | −$1,311 |
| − Taxes | −$250 |
| − Insurance | −$104 |
| − HOA | −$248 |
| = Cash flow before vacancy & repairs | $-186 |
The numbers
- Price
- $249,900
- $ / sq ft
- $234 ZIP median $233
- Rent estimate
- $1,727/mo HUD fair-market rent
- Property taxes
- $2,999/yr assumed 1.2% of price
- PITIA (assumed)
- $1,913/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $248/mo
- Lender DSCR (est.)
- 0.90 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 9/100 price cut 2% · below assessed value
The property
- Beds / baths
- 2 / 2
- Living area
- 1,070 sq ft
- Lot
- 1,307 sq ft
- Year built
- 1989
- Property type
- Condo
- HOA
- $248/mo
- Flood zone
- X
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22113687
- Listed
- Jul 14, 2026
- Days on market
- 83
- Listing agent
- Whitney Dahlstrom · Re/Max Edge
3176068111 · whitney@in-siteres.com - Price history
- First asked $255,000 · previously $255,000 cut $5,100
Keep looking
Similar deals nearby
Ask Triad about this deal
Want a second opinion, a walkthrough, or an offer strategy?
We buy in Indianapolis ourselves. Tell us what you're thinking and our team replies within one business day. Free, no obligation.
All figures are illustrative estimates from the list price, public records, rent comps / HUD fair-market rent and assumed financing (75% LTV, ~7.5%, 30 yr, as of 2026-09-12). Not verified, not an offer, not investment advice. Triad Global, LLC is a real-estate investor, not a licensed brokerage. Listing data from public sources; verify everything before you bid. Equal Housing Opportunity.